Empowered Funds Announces Revised Liquidation Dates for Two Emerging Market ETFs
Empowered Funds, LLC has announced revised liquidation dates for two of its exchange-traded funds (ETFs). The Sophus Capital Emerging Market ETF (EMEM) will now be liquidated on or about October 14, 2026, and the Sophus Capital Emerging Market Small Cap ETF (EMSC) is scheduled to liquidate by October 28, 2026. Both funds will cease trading immediately after market close on their respective final days before accepting any new purchases. Shareholders are advised that they may sell their holdings prior to these dates but should be aware of potential brokerage charges and the possibility of limited liquidity in the ETFs during this period. Following liquidation, each fund plans to distribute cash pro rata to shareholders based on net asset value (NAV), which will include any costs associated with closing the funds. The announcement highlights that investors may face tax implications from these distributions, including capital gains or losses depending on their individual basis in the shares.